Rockwell Collins, Inc. (COL) Raised to Buy at Zacks Investment Research
Rockwell Collins, Inc. (NYSE:COL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The firm presently has a $151.00 target price on the aerospace company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 11.85% from the stock’s previous close.
According to Zacks, “Rockwell Collins continues to be the foremost global supplier of communications and avionics equipment for both commercial and military customers. A diversified portfolio, comprising both commercial and government customers, protects it from risks of reduced orders from either customer class. Notably, Rockwell Collins outperformed the broader industry in last year. Moreover, the company follows a strategic acquisition program, which in turn boosts its inorganic growth trajectory. However, the company derives a major portion of its revenues from overseas, which exposes it to the risk of currency fluctuations.”
A number of other equities research analysts have also recently commented on COL. ValuEngine upgraded Rockwell Collins from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. BidaskClub upgraded Rockwell Collins from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Morgan Stanley restated an “overweight” rating and set a $124.00 target price (down from $125.00) on shares of Rockwell Collins in a research report on Thursday, July 13th. J P Morgan Chase & Co restated an “overweight” rating and set a $135.00 target price on shares of Rockwell Collins in a research report on Friday, July 14th. Finally, Credit Suisse Group restated a “buy” rating and set a $120.00 target price on shares of Rockwell Collins in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $127.79.
Rockwell Collins (COL) traded up 0.01% during trading on Monday, reaching $135.01. The company had a trading volume of 264,224 shares. The stock has a 50 day moving average price of $132.01 and a 200 day moving average price of $114.92. Rockwell Collins has a 52 week low of $78.54 and a 52 week high of $135.31. The firm has a market capitalization of $21.94 billion, a P/E ratio of 26.79 and a beta of 0.73.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.06. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period last year, the firm earned $1.63 EPS. The firm’s revenue for the quarter was up 57.0% compared to the same quarter last year. Analysts predict that Rockwell Collins will post $6.11 earnings per share for the current year.
Rockwell Collins announced that its board has approved a stock buyback plan on Friday, July 7th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the aerospace company to reacquire up to 1.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.
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In related news, Director Harlan Donnley Meade bought 1,666,667 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average price of $0.06 per share, for a total transaction of $100,000.02. 1.50% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. CWM LLC increased its holdings in Rockwell Collins by 0.4% in the 2nd quarter. CWM LLC now owns 1,216 shares of the aerospace company’s stock valued at $128,000 after purchasing an additional 5 shares during the last quarter. Janney Capital Management LLC increased its holdings in Rockwell Collins by 0.3% in the 2nd quarter. Janney Capital Management LLC now owns 4,665 shares of the aerospace company’s stock valued at $490,000 after purchasing an additional 15 shares during the last quarter. United Capital Financial Advisers LLC increased its holdings in Rockwell Collins by 0.3% in the 1st quarter. United Capital Financial Advisers LLC now owns 5,783 shares of the aerospace company’s stock valued at $562,000 after purchasing an additional 17 shares during the last quarter. Whittier Trust Co. increased its holdings in Rockwell Collins by 3.2% in the 2nd quarter. Whittier Trust Co. now owns 1,141 shares of the aerospace company’s stock valued at $120,000 after purchasing an additional 35 shares during the last quarter. Finally, Simmons Bank increased its holdings in Rockwell Collins by 0.6% in the 2nd quarter. Simmons Bank now owns 7,593 shares of the aerospace company’s stock valued at $799,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 77.75% of the company’s stock.
Rockwell Collins Company Profile
Rockwell Collins, Inc designs, produces and supports communications and aviation systems for commercial and military customers. The Company provides information management services through voice and data communication networks and solutions across the world. The Company operates through three segments: Commercial Systems, Government Systems and Information Management Services.
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